Matthew J. Slaughter

Adjunct Senior Fellow for Business and Globalization


The economics and politics of globalization, multinational firms and capital markets, immigration, technological innovation, and the causes and consequences of the globalization backlash.


Maurice R. Greenberg Center for Geoeconomic Studies

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Past Projects

Council Special Report on Global Policy Toward Foreign Direct Investment

Director: Edward Alden, Bernard L. Schwartz Senior Fellow
Author: David M. Marchick, Managing Director, Carlyle Group, and Matthew J. Slaughter, Adjunct Senior Fellow for Business and Globalization
April 2007—October 2007

In the past three years, many countries have adopted or expanded regimes to review inward foreign direct investment (FDI) for either “national” or “economic” security purposes. The U.S. Congress recently passed legislation reforming the Committee on Foreign Direct Investment with the United States, which is charged with reviewing the security risk posed by inbound investments. France has adopted a new regulation requiring reviews of foreign investments (excluding EU investments) in nineteen sectors of their economy. Russia is close to adopting a law, modeled largely on the CFIUS process, requiring reviews in thirty-nine sectors.  China has adopted a regulation allowing the government to block investments that harm “economic security,” and Korea and Canada are debating new restrictions.

State-owned multinationals are increasingly prominent, especially in developing countries. In 2005, twenty-four of the top 100 multinationals headquartered in developing countries were majority state-owned.   Of particular note is the rising number and size of developed-country firms being acquired by developing-country sovereign funds of central banks and/or fiscal authorities. The recent Chinese investment in the U.S. private-equity firm Blackstone is one notable example.

This CSR will examine the scope, nature, causes, and consequences of rising restrictions to inward FDI around the world. It will discuss what best practices and principles should guide governments in formulating and implementing policies to govern national security reviews of FDI inflows, including how to prevent legitimate national security reviews from becoming tools for economic protectionism.  It will also consider what should be the policy responses from advanced countries and important leadership groups, such as the G-8, APEC, and the OECD, to the emergence of new FDI restrictions. The recommendations will also cover ways to avoid actions in the United States being used as justification for other countries to restrict foreign investment. 

CFR Events

General Meeting ⁄ Washington

U.S. Trade and Investment Policy: Report of a CFR-Sponsored Independent Task Force


Andrew H. Card, Acting Dean, Bush School of Government and Public Service, Texas A&M University; Task Force Co-Chair, Thomas A. Daschle, Senior Policy Adviser, DLA Piper US LLC; Task Force Co-Chair, Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations; Task Force Co-Project Director, Matthew J. Slaughter, Adjunct Senior Fellow for Business and Globalization, Council on Foreign Relations; Task Force Co-Project Director


David Wessel, Economics Editor, "Wall Street Journal"
September 19, 2011 8:30-9:00 a.m. - Breakfast Reception
9:00-10:00 a.m. - Meeting

This meeting is on the record.


General Meeting ⁄ Washington

Reforming Global Finance: The Squam Lake Papers


Martin N. Baily, Senior Fellow, Economic Studies, Brookings Institution; Senior Adviser, McKinsey & Company; Former Chairman, Council of Economic Advisers, Kenneth R. French, Carl E. and Catherine M. Heidt Professor of Finance, Tuck School of Business, Dartmouth College, Matthew J. Slaughter, Adjunct Senior Fellow for Business and Globalization, Council on Foreign Relations; Associate Dean for the MBA Program and Professor of International Economics, Tuck School of Business, Dartmouth College


Sebastian Mallaby, Director, Maurice R. Greenberg Center for Geoeconomic Studies, Paul A. Volcker Senior Fellow for International Economics, and Deputy Director of Studies, Council on Foreign Relations
May 26, 2009 12:00-12:30 p.m. - Lunch Reception
12:30-1:30 p.m. - Meeting

This meeting is on the record.


General Meeting ⁄ New York

World Economic Update Special Edition: The Great Globalization Debate


Alan B. Krueger, Bendheim Professor of Economics and Public Policy, Woodrow Wilson School of Public and International Affairs, Princeton University, Stephen S. Roach, Chief Economist and Managing Director, Morgan Stanley, Matthew J. Slaughter, Adjunct Senior Fellow for Business and Globalization, Council on Foreign Relations; Associate Professor of Business Administration, Tuck School of Business, Dartmouth College


Daniel K. Tarullo, Professor of Law, Georgetown University Law Center
April 24, 2007 7:45-9:15 a.m.

This meeting is on the record.



Matthew J. Slaughter is an adjunct senior fellow at the Council on Foreign Relations (CFR). He is associate dean and Signal Companies' Professor of Management at the Tuck School of Business at Dartmouth College and is also currently a research associate at the National Bureau of Economic Research. He serves on the academic advisory boards of the International Tax Policy Forum and the Tuck Center for Private Equity and Entrepreneurship.

From 2005 to 2007, Professor Slaughter served as a member on the Council of Economic Advisers in the executive office of the president. In this Senate-confirmed position he held the international portfolio, advising the president, the cabinet, and others on issues including international trade and investment, energy, and the competitiveness of the U.S. economy. In recent years he has also been affiliated with the Federal Reserve Board, the International Monetary Fund, the World Bank, the National Academy of Sciences, the Institute for International Economics, and the Department of Labor.

Professor Slaughter's area of expertise is the economics and politics of globalization. Much of his recent work has focused on the global operations of multinational firms, in particular how knowledge is created and shared within these firms and how their activities are structured across borders. He has also researched the labor-market impacts of international trade, investment, and immigration, and has studied the political-economy question of individual attitudes about globalization. This research has been supported by several grants from organizations including the National Science Foundation and the Russell Sage Foundation. Over forty articles by Professor Slaughter have been published as book chapters and in peer-reviewed academic journals.

He also co-authored the book Globalization and the Perceptions of American Workers. He currently serves in various editorial positions for several academic journals.

In addition to numerous presentations at academic conferences and seminars, Professor Slaughter has spoken to many audiences in the business and policy communities and he has testified before both chambers of the U.S. Congress. His work has been widely featured in business media such as Business Week, The Economist, Financial Times, Newsweek, Time, Wall Street Journal, and the Washington Post. He has been interviewed on many TV and radio programs such as CNN's Lou Dobbs Tonight and NPR's Marketplace. In recent years he has also served as a consultant both to individual multinational firms and also to several industry organizations that support dialogue on issues of international trade, investment, and taxation.

Professor Slaughter joined the Tuck faculty in 2002. Prior to that, since 1994, he had been an assistant and associate professor of economics at Dartmouth, where in 2001 he received the school-wide John M. Manley Huntington teaching award. Professor Slaughter received his bachelor's degree summa cum laude and Phi Beta Kappa from the University of Notre Dame in 1990, and his doctorate from the Massachusetts Institute of Technology in 1994.